NBCC SHARE PRICE ZOOMED 11% UP EVEN RESULTS DISAPPOINTED IN MARCH QUARTER :EXPLAINED WHY ?

NBCC SHARE PRICE ZOOMED 11% UP EVEN RESULTS DISAPPOINTED IN MARCH QUARTER :EXPLAINED WHY ?

Share price of NBCC (India) moved as much as 11 percent on the BSE . after the organization declared its March quarter results for the money related year 2019-2020

the organization’s independent net benefit declined 68.24 percent to Rs 48.52 crore as against Rs 152.75 crore in the year-prior period. Deals declined 33.29 percent to Rs 1,569.57 crore as against Rs 2,353 crore in the relating quarter of the past monetary.

For the entire year, net benefit declined 79.21 percent to Rs 79.87 crore in the year finished March 2020 as against Rs 384.11 crore in the earlier year. Deals declined 27.47 percent to Rs 5,179.72 crore.

On a combined premise, net profit slipped 41 percent to Rs 83.77 crore while net Sales remained at Rs 2,568.73 crore, down 16.8 percent Year On Year (YOY).

The organization noticed that the spread of the Covid-19 pandemic has severally affected organizations around the world and it had briefly suspended its tasks when the administration declared an across the country lock down on March 23. Because of this, the activities for the long stretch of March were incompletely affected.

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